Business

Airtel, Starlink debut satellite-to-mobile connectivity in Africa

  • 15th August 2026

PwC flags gaps in new NRS virtual asset

  • 15th August 2026

Nigeria’s exports to China jump 80% to $2.3bn

  • 15th August 2026

Anthropic revenue soars 1,360% ahead of planned IPO

  • 15th August 2026

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RMAFC completes review of Nigeria’s revenue allocation formula

Finance

BRICS explores merging payment systems to cut transaction costs

Finance

Airtel, Starlink debut satellite-to-mobile connectivity in Africa

Business

AI-driven cyberattacks surge 56% – IBM

Business

Blog

Business

Seplat, Aradel, Oando post ₦7.05trn revenue amid US-Iran war

Nigeria’s three largest listed upstream and integrated oil companies generated a combined N7.05 trillion in revenue during the first half of 2026, as the oil price rally triggered by the United States-Israel military campaign against Iran translated into one of the strongest earnings seasons the sector has witnessed in years. The figures, compiled from the […]

Aviation

Dangote Refinery remains Europe’s top jet fuel supplier

Dangote Petroleum Refinery & Petrochemicals remained Europe’s largest supplier of imported jet fuel for the second consecutive month in July, accounting for about one-fifth of the continent’s aviation fuel imports. This is according to the latest European import data compiled by global commodities intelligence firm Kpler. The 700,000-barrel-per-day refinery exported more than 400,000 tonnes of […]

Aviation

Air Canada to begin direct Lagos flights from 2027

Air Canada has announced plans to begin scheduled flights to Lagos in 2027 following the expansion of the Air Transport Agreement between Canada and Nigeria. The airline disclosed that it has commenced the process of securing the necessary regulatory approvals required to operate commercial flights into Nigeria, paving the way for what would become a […]

featured Finance

Atiku raises alarm over unexplained deposit into his private account

Former Vice President and African Democratic Congress presidential candidate, Atiku Abubakar, has raised concerns over an unexplained payment credited to one of his private bank accounts. Atiku said the transaction, which he described as unauthorised, had raised questions about the security of his confidential banking information. His Senior Special Assistant on Public Communication, Phrank Shaibu, […]

Business

Manufacturers’ confidence rebounded in Q2 despite operating challenges — MAN

Manufacturers’ confidence in Nigeria’s business environment rebounded in the second quarter of 2026 buoyed by expectations of improved government policies and a more favourable operating climate. But the sector operators have continued to grapple with high borrowing costs, inadequate power supply, foreign exchange constraints and multiple taxation. The latest Manufacturers CEO Confidence Index released by […]

Finance

Naira holds steady at ₦1,368/$ in official FX market

The naira remained relatively stable against the United States dollar across both the official and parallel foreign exchange markets as traders monitored liquidity conditions and demand pressures. At the Nigerian Foreign Exchange Market, the official exchange rate stood at about N1,368.22 per dollar, according to figures published by the Central Bank of Nigeria and market […]

Business featured

Firms expect borrowing costs to ease in coming months — CBN

Firms are expecting borrowing cost for banks’ loans to decline in the next three months despite seeing rates elevated in July. This was contained in the Central Bank of Nigeria’s, latest Business Expectation Survey Report. CBN said: “Respondents expect borrowing rates to remain elevated across the same periods, as indicated by the consistently positive borrowing […]

featured Policy and Regulations

Freight agents, Customs clash over Single Window rollout

There are indications of festering disagreements over the implementation of the National Single Window, a centralized digital portal launched by the Federal Government in March this year to address delays in import-export processing at the ports. It allows importers and exporters to submit trade documents once, replacing duplicate paperwork across multiple agencies. President of the […]

featured Helth

Lagos needs 40,000 more doctors, says Sanwo-Olu

Lagos State Governor, Mr. Babajide Sanwo-Olu, on Thursday unveiled a new healthcare development roadmap for the state, disclosing that Lagos requires about 40,000 doctors to adequately meet the healthcare needs of its growing population. The governor, who disclosed that the state currently has about 7,000 doctors, also highlighted shortages in other health professions, including an […]

News

FUTA workers protest alleged non-payment of allowances

Some workers of the Federal University of Technology Akure, Ondo State, on Thursday protested on the institution’s campus over the alleged non-payment of their allowances by the university management. The workers, under the aegis of the National Association of Non-Teaching Staff of Nigerian Universities, FUTA chapter, alleged that while members of other staff unions had […]

featured Finance

Five countries that recently changed, redenominated their currencies

Several countries have changed, replaced or redenominated their currencies in recent years as governments sought to simplify transactions, tackle economic challenges or align their monetary systems with broader economic reforms. Currency changes can have major effects on businesses, consumers, travelers and investors, particularly when old notes are withdrawn or large denominations are removed. Here are […]

Investment

SEC launches campaign to help Nigerians recover unclaimed dividends

The Securities and Exchange Commission has launched a nationwide awareness campaign to assist investors and beneficiaries recover unclaimed dividends and inherited investments. The initiative is part of efforts to strengthen investor protection and reduce dormant assets in Nigeria’s capital market. The initiative, unveiled on Thursday in Abuja through the Probate/Unclaimed Monies Awareness and Investor Clinic, […]

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